Company Overview
General information about the Golub Capital BDC company
Golub Capital BDC, Inc. is a publicly traded business development company (BDC) that invests primarily in middle-market companies in the United States. It was founded in 1994 and is headquartered in New York City.
The company’s primary investment objective is to generate current income and capital appreciation by investing in a portfolio of senior secured, one stop, and second lien loans, as well as in equity securities issued by middle-market companies. These companies typically have annual revenues between $10 million and $1 billion.
Golub Capital BDC is externally managed by Golub Capital Investment Advisers, LLC, a subsidiary of Golub Capital. The BDC is regulated by the Securities and Exchange Commission and is required to distribute at least 90% of its taxable income to shareholders in the form of dividends.
In addition to its core middle-market lending business, Golub Capital BDC also manages a number of other financing vehicles, including a publicly traded debt fund, a private debt fund, and a venture lending fund.
The company’s stock is listed on the NASDAQ Stock Exchange under the ticker symbol GBDC.
What is special about the Golub Capital BDC company?
1. Leading Middle-Market Investment Firm: Golub Capital BDC is one of the largest and most established middle-market investment firms in the United States, with over $30 billion in assets under management.
2. Experienced Management Team: The company’s management team has extensive experience in middle-market lending and has a proven track record of successfully navigating different economic cycles.
3. Diversified Portfolio: Golub Capital BDC has a well-diversified portfolio of investments across various industries, reducing the risk of any single company impacting its performance.
4. Focus on Quality: The company follows a disciplined approach to investing, focusing on high-quality middle-market companies with strong management teams and stable cash flows.
5. Flexible Financing Solutions: Golub Capital BDC offers a range of financing solutions to its portfolio companies, including senior secured loans, unitranche loans, and equity co-investments, providing companies with the flexibility they need to grow.
6. Strong Financial Performance: The company has consistently delivered strong financial results, with consistent dividend payouts and a strong track record of portfolio growth.
7. Investor-Friendly Policies: Golub Capital BDC has a strong commitment to shareholder value and regularly returns excess capital to shareholders through share buybacks and special dividends.
8. Strong Network: The company has a wide network of relationships with private equity firms, investment banks, and middle-market companies, providing it with a steady pipeline of investment opportunities.
9. Emphasis on Risk Management: Golub Capital BDC has a robust risk management framework in place, with a team dedicated to monitoring and managing portfolio risk at all times.
10. Corporate Social Responsibility: The company is committed to supporting its local communities through its philanthropic initiatives and promoting responsible and sustainable business practices.
Interesting facts about the Golub Capital BDC company
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
What is the Golub Capital BDC company's primary line of business?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
What is the market opportunity of the Golub Capital BDC company?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
SWOT analysis of the Golub Capital BDC company
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
Porter's Five Forces analysis for the Golub Capital BDC company
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
What is the Golub Capital BDC company's business model?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
What is the Golub Capital BDC company's unique selling proposition?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
How does the Golub Capital BDC company differentiate itself in the market?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
What are the Golub Capital BDC company's potential challenges in the industry?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=
What challenges did the Golub Capital BDC company face in the recent years?
CiAgICAgICAgICAgIDxk aXYgc3R5bGU9J3dpZHRo OiAxMDAlOyBkaXNwbGF5 OiBmbGV4OyBqdXN0aWZ5 LWNvbnRlbnQ6IGNlbnRl cjsnPgogICAgICAgICAg ICAgICAgPGRpdiBzdHls ZT0nCiAgICAgICAgICAg ICAgICAgICAgZGlzcGxh eTogZmxleDsKICAgICAg ICAgICAgICAgICAgICBh bGlnbi1pdGVtczogY2Vu dGVyOwogICAgICAgICAg ICAgICAgICAgIGJhY2tn cm91bmQtY29sb3I6ICNm MGY0Zjg7CiAgICAgICAg ICAgICAgICAgICAgYm9y ZGVyOiAxcHggc29saWQg I2QxZTNmMDsKICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiAx MHB4OwogICAgICAgICAg ICAgICAgICAgIHBhZGRp bmc6IDIwcHg7CiAgICAg ICAgICAgICAgICAgICAg bWFyZ2luOiAyMHB4IDA7 CiAgICAgICAgICAgICAg ICAgICAgZm9udC1mYW1p bHk6ICJTZWdvZSBVSSIs IFJvYm90bywgc2Fucy1z ZXJpZjsKICAgICAgICAg ICAgICAgICAgICBib3gt c2hhZG93OiAwIDJweCA2 cHggcmdiYSgwLCAwLCAw LCAwLjA1KTsKICAgICAg ICAgICAgICAgICAgICBt YXgtd2lkdGg6IDkwMHB4 OwogICAgICAgICAgICAg ICAgICAgIHdpZHRoOiAx MDAlOyc+CgogICAgICAg ICAgICAgICAgICAgIDwh LS0gWVlZOiBJbnNlcnQg eW91ciBsb2dvIGltYWdl IGhlcmUgLS0+CiAgICAg ICAgICAgICAgICAgICAg PGltZyBzcmM9ImFzc2V0 cy9sb2dvcy9MVWlEZ0V5 dmM3NlFScFFSSkZ5TS53 ZWJwIiBhbHQ9IkdvbHVi IENhcGl0YWwgQkRDIiB0 aXRsZT0iR29sdWIgQ2Fw aXRhbCBCREMiIGNsYXNz PSJpbWctZmx1aWQiIGhl aWdodD05MCB3aWR0aD05 MCBsb2FkaW5nPSdsYXp5 Jz4KCiAgICAgICAgICAg ICAgICAgICAgPGRpdiBz dHlsZT0nZmxleDogMTsg dGV4dC1hbGlnbjogY2Vu dGVyOyBtYXJnaW4tbGVm dDogNXB4Oyc+CiAgICAg ICAgICAgICAgICAgICAg ICAgIDxwIHN0eWxlPSdm b250LXNpemU6IDI2cHg7 IGNvbG9yOiAjMzMzOyBt YXJnaW4tYm90dG9tOiAx NXB4Oyc+CiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBXYW50IHRvIHJl YWQgbW9yZSBhYm91dCBH b2x1YiBDYXBpdGFsIEJE Qz8KICAgICAgICAgICAg ICAgICAgICAgICAgPC9w PgoKICAgICAgICAgICAg ICAgICAgICAgICAgPGEg aHJlZj0naW5kZXgucGhw P3BhZ2U9c2lnbnVwJyBz dHlsZT0nCiAgICAgICAg ICAgICAgICAgICAgICAg ICAgICBiYWNrZ3JvdW5k LWNvbG9yOiAjMDA3QkZG OwogICAgICAgICAgICAg ICAgICAgICAgICAgICAg Y29sb3I6ICNmZmY7CiAg ICAgICAgICAgICAgICAg ICAgICAgICAgICBwYWRk aW5nOiAxMHB4IDIwcHg7 CiAgICAgICAgICAgICAg ICAgICAgICAgICAgICBi b3JkZXItcmFkaXVzOiA1 cHg7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IG5vbmU7CiAgICAg ICAgICAgICAgICAgICAg ICAgICAgICBmb250LXdl aWdodDogYm9sZDsKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG1hcmdp bi1yaWdodDogMTBweDsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIHRy YW5zaXRpb246IGJhY2tn cm91bmQtY29sb3IgMC4z cyBlYXNlOycKICAgICAg ICAgICAgICAgICAgICAg ICAgICAgIG9ubW91c2Vv dmVyPSd0aGlzLnN0eWxl LmJhY2tncm91bmRDb2xv cj0iIzAwNTZiMyIKICAg ICAgICAgICAgICAgICAg ICAgICAgICAgIG9ubW91 c2VvdXQ9J3RoaXMuc3R5 bGUuYmFja2dyb3VuZENv bG9yPSIjMDA3QkZGIj4K ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIFNp Z24gdXAgZm9yIGZyZWUK ICAgICAgICAgICAgICAg ICAgICAgICAgPC9hPgoK ICAgICAgICAgICAgICAg ICAgICAgICAgPHNwYW4g c3R5bGU9J21hcmdpbjog MCA4cHg7IGNvbG9yOiAj NTU1Oyc+b3I8L3NwYW4+ CgogICAgICAgICAgICAg ICAgICAgICAgICA8YSBo cmVmPSdpbmRleC5waHA/ cGFnZT1sb2dpbicgc3R5 bGU9JwogICAgICAgICAg ICAgICAgICAgICAgICAg ICAgY29sb3I6ICMwMDdC RkY7CiAgICAgICAgICAg ICAgICAgICAgICAgICAg ICB0ZXh0LWRlY29yYXRp b246IHVuZGVybGluZTsK ICAgICAgICAgICAgICAg ICAgICAgICAgICAgIGZv bnQtd2VpZ2h0OiA1MDA7 Jz4KICAgICAgICAgICAg ICAgICAgICAgICAgICAg IGxvZyBpbgogICAgICAg ICAgICAgICAgICAgICAg ICA8L2E+CiAgICAgICAg ICAgICAgICAgICAgPC9k aXY+CiAgICAgICAgICAg ICAgICA8L2Rpdj4KICAg ICAgICAgICAgPC9kaXY+ CgogICAgICAgICAgICA=